NZD/USD Exchange Rate Today, Forecast & News

NZD/USD
New Zealand Dollar - US Dollar
Open
0.59598+0.00823 (+1.40%)
As of: May 02, 2024 21:15 UTC
Open
0.58774
High
0.59609
Low
0.58675

Stats

Prev. Close

0.58775

Open

0.58774

Day's Range

0.58675 - 0.59609

52 Week Range

0.57735 - 0.65334

YTD Change

-5.68%

1 Year Change

-3.31%

Economic CalendarAll Events

Time zone: GMT

Thursday, May 2nd 2024
Time	Currency	Event	Impact	Actual	Consensus	Previous
12:30	USD	Nonfarm Productivity QoQ PrelQ1	Medium	0.3%	0.8%	3.5%
12:30	USD	Initial Jobless ClaimsApr/27	Medium	208K	212K	208K
12:30	USD	Unit Labour Costs QoQ PrelQ1	Medium	4.7%	3.3%	0.0%
14:00	USD	Factory Orders MoMMar	Medium	1.6%	1.6%	1.2%

Friday, May 3rd 2024
Time	Currency	Event	Impact	Actual	Consensus	Previous
12:30	USD	Average Hourly Earnings MoMApr	Medium		0.3%	0.3%
12:30	USD	Average Hourly Earnings YoY	Medium		4%	4.1%
12:30	USD	Participation RateApr	Medium		62.7%	62.7%

NZD/USD

The Kiwi Dollar is also referred to as the Kiwi is a commodity currency. Due to interest rate differentials in favor of the Kiwi, the Kiwi Dollar is a carry trade currency. Additionally, dairy prices and tourism influence the Kiwi Dollar. New Zealand is the world's largest exporter of milk powder, with tourism a key contributor to the NZ economy. Heavy export volumes to China make the Kiwi Dollar sensitive to economic data from China. The NZD/USD pairing is equal 7th most liquid pairing, accounting for 4% of total transaction volume.

	New Zealand		United States
Interest Rate	5.5% Apr 24		5.5% Apr 24
Inflation Rate	4% Mar 24		3.5% Mar 24
Credit Ratings	Moody's	S&P	Moody's	S&P
Credit Ratings	AaaStable	AA+Stable	AaaNegative	AA+Stable